(1) Out of the moneys standing to the credit of the Stool Lands Account there shall, subject to subsection (2) of this section be paid to the local authorities in whose areas the lands are situated from which those moneys are derived such amounts as the Minister may by order determine.

(2) There shall be paid to the Kumasi City Council out of the Stool Lands Account annually in half-yearly instalments on or before the 30th day of September and the 31st day of March a sum representing one-third of the net rents derived from land within the boundaries defined in the Schedule to this Act, or the sum of six thousand pounds, whichever is the greater.

(3) In making an order under this section the Minister shall have regard to the purpose for which the money standing to the credit of the Stool Lands Account which is not paid out under this section will be applied.

(4) An order under this section may fix the amounts to be paid under this section to the respective local authorities, or may determine those amounts as proportions of the total amount of money standing to the credit of the Stool Lands Account or by any other method.